Wooster Individual Income Tax Return - 2015 Page 2
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1
2Schedule R (Wooster Residents Only)
See page 8 of the instructions
Type of
Taxable
2106
Subtotal
Calculate 1.5%
Tax withheld as
Credit= Lesser amount
List taxing city
income
income
Expenses
(C)-(D)
of column (E)
reported on W-2
in (F) or (G)
(A)
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Put this amount on line 6, front of return
Schedule X-
Income or (Loss) from Business Activities, Rental Activities & Partnerships
1) Self-employment. Describe activity and Wooster business location. Attach copies of federal Schedule C or 1099.
Net Profit or (Loss)
a.
$
)
b. Deduction for one-half of self-employment tax (Federal deduction)
$(
c. Residents: Put entire amount of this line on line to right.
Subtotal $
d. Amount allocable to Wooster. (NON-RESIDENTS ONLY) If you have business both in and
out of the City, use schedule Y below to determine the allocation percentage and multiply by line c.
%
2) Partnership/LLC/S-Corp income or (loss) - List entity name and attach photocopy of K-1 received and federal schedule E.
a.
$
b. Amount allocable to Wooster - (NON-RESIDENTS ONLY - same as 1d above)
%
3)
Rentals & Royalties - Describe by kind and location. Enter CURRENT net profit or loss for each - Attach federal Schedule E
Residents of Wooster must report income/(loss) from all properties, regardless of location.
Non-residents must report income/(loss) from all properties located in Wooster.
a.
$
b.
$
c.
$
Total Rents and Royalties
4) OTHER INCOME- Describe the activity and attach any schedule and/or statements necessary (see pg.2 for types)
TOTAL SCHEDULE X INCOME (Loss), before carry forward losses - Total of Sections 1 through 4
5)
6)
Show carry forward losses from previously filed Wooster tax returns. Losses may be carried forward for up to five years.
Any gains should be offset by the losses attributable to the oldest losses for up to five years before the gain. Attach a
schedule of losses and any subsequent income to which they were applied.
7) Subtract line 6 from line 5.
a. If amount is less than -0- enter here and on line 2b on front of this form
$(
)
b. If amount is greater than -0- enter here and on line 2a on front of this form
Schedule Y-
NONRESIDENT BUSINESS ALLOCATION FORMULA
Located
Located
Percentage
Nonresident taxpayers should use this formula to calculate the amount of
Everywhere
in Wooster
(b) ÷ (a)
(a)
business income or loss that is allocable to the City of Wooster.
(b)
(c)
$
$
1) Average original cost of real & tangible personal property
AND/OR
$
$
Gross annual rent paid for business property multiplied by 8
$
$
%
Total amounts in column a and b. Divide b by a and enter in column c.
2) Gross receipts from sales and/or services from everywhere in column a, and from
$
$
%
Wooster in column b. Divide b by a and enter in column c.
$
$
%
3) Using wages, salaries and other compensation paid, do the same as for line 2
%
4) Total percentages in column c.
5) Divide line 4 by the number of percentages calculated in column c. If there is an amount in column a and none
%
in column b, the percentage is -0- and should be counted as a percentage in determining the average.
Page 6
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